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Dish Network closes on asset transfer from EchoStar

Mar. 01, 2017 10:37 AM ETDISH Network Corporation (DISH) StockBy: Jason Aycock, SA News Editor1 Comment
  • Dish Network (NASDAQ:DISH +0.2%) has closed on a deal that sees it taking charge of DBS and over-the-top assets from sibling company EchoStar (SATS +1.3%).
  • The two had come to a deal where EchoStar would transfer its EchoStar Technologies hardware/software group along with its national and regional uplink business, a managed fiber backhaul network and a development group working on over-the-top service in exchange for Dish's 80% economic interest in EchoStar's Hughes Retail Group.
  • The move is seen as setting Dish Network up for some deal talks that could accelerate once a gag order is lifted from companies taking part in the FCC's months-long broadcast incentive spectrum auction.
  • Dish chief Charlie Ergen sees a number of deals ahead for the sector.

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